European Union Trade Summary
U.S. goods and services trade with European Union totaled an estimated $1.5 trillion in 2024, up 5.7 percent ($80 billion) from 2023.
U.S. total goods trade (exports plus imports) with European Union was an estimated $975.5 billion in 2024. U.S. goods exports to European Union in 2024 were $369.8 billion, up 0.4 percent ($1.4 billion) from 2023. U.S. goods imports from European Union in 2024 totaled $605.7 billion, up 5.1 percent ($29.6 billion) from 2023. The U.S. goods trade deficit with European Union was $235.9 billion in 2024, a 13.6 percent increase ($28.2 billion) over 2023.
U.S. total services trade (exports plus imports) with European Union totaled an estimated $500.9 billion in 2024. U.S. services exports to European Union in 2024 were $294.7 billion, up 12.3 percent ($32.2 billion) from 2023. U.S. services imports from European Union in 2024 were $206.1 billion, up 8.9 percent ($16.9 billion) from 2023. The U.S. services trade surplus with European Union was $88.6 billion in 2024, a 20.9 percent increase ($15.3 billion) over 2023.
